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Jan 18, 2013
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now eunice eu joins us from beijing with more of the details. eunice, there have been questions about china's reliability in data. over the past couple of years. >> there's always a big question about that. in fact, goldman sachs and ubs were some of the brokerages that came out recently questioning the latest december numbers for the export figures. they were concerned that the export numbers reported by china didn't seem to match the export data from its trading partners and the slow at some of the ports. that was raising questions. the chinese officials came out and defended the numbers and said that the numbers were all well and good. there is so much skepticism about that. the trade data was looking as though it was very much in flux. however, when you take a look at those in isolation, it raises a lot of question marks. but in terms of going forward, how you read these data points, most economists say you have to look at them as guidelines. this is a developing economy. so in terms of guidelines, the latest figures that we saw for 2012 in
now eunice eu joins us from beijing with more of the details. eunice, there have been questions about china's reliability in data. over the past couple of years. >> there's always a big question about that. in fact, goldman sachs and ubs were some of the brokerages that came out recently questioning the latest december numbers for the export figures. they were concerned that the export numbers reported by china didn't seem to match the export data from its trading partners and the slow at...
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Jan 21, 2013
01/13
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we're not hearing a lot about people joining the eu lately. if anything, it's the uk might exit. >> yeah. this long delayed speech by david cameron, the british prime minister, which is supposed to come up with some sort of call for some sort of referendum, i serpt won't we 2016, 2017 or 2018. i think there is a bigger risk of a brixet. but either there won't be a referendum because david cameron won't win the next election or there will be a referendum ask is we still won't leave the eu. but i think very damaging for investments and confidence that you have this thing that could be hanging over us for five years. >> exactly. this is not an issue that's going to be resolved in the near term. but, you know, iceland wants in, so it can't be all bad. as israelis heads to the polls tomorrow, most are expecting a victory for benjamin netanyahu. but while a third netten what hue terms remains a large possibility, david joins us with more. so thank you. the timing of this national re-election, which of these is most important to your point of view? >
we're not hearing a lot about people joining the eu lately. if anything, it's the uk might exit. >> yeah. this long delayed speech by david cameron, the british prime minister, which is supposed to come up with some sort of call for some sort of referendum, i serpt won't we 2016, 2017 or 2018. i think there is a bigger risk of a brixet. but either there won't be a referendum because david cameron won't win the next election or there will be a referendum ask is we still won't leave the eu....
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Jan 28, 2013
01/13
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little understanding of the regular tatory structure of the eu and of eu laws on our economic activities. and i think most people, if we have an electoral campaign in the city, i think it might become a bit clearer to people with the costs and benefits of leaving. >> what about joining america, the 51st state? we've learned the united states has no interesting in leaving the -- we've had several warnings making it clear that the special relationship as such exists depends on britain and part of the eu. >> and i wonder why to them it's so important that the status quo is maintained. >> for the united states? >> yes. >> because britain clearly, thelithe li linguistic say close corporation on military issues means that there is a level of trust, perhaps, as the u.s. bank is more difficult to establish with other major european nations. so it's very important. >> interesting with more on that in a bit. we also want to follow what is happening with italy. shares are trading higher after monte paschi gave the go ahead for a bailout. the group is seeking a new investor to keep the company afloa
little understanding of the regular tatory structure of the eu and of eu laws on our economic activities. and i think most people, if we have an electoral campaign in the city, i think it might become a bit clearer to people with the costs and benefits of leaving. >> what about joining america, the 51st state? we've learned the united states has no interesting in leaving the -- we've had several warnings making it clear that the special relationship as such exists depends on britain and...
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Jan 14, 2013
01/13
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>> to exit the eu? i think the base case is they would like to stay in it, but have a lot more control. i think that's clearly going to be the aim for the government and that's where boris johnson sits and i think that probably ties in with not the majority of you, but the larger view, the base view of most people. >> about how does it go down in brussels, they would like to renegotiate on their terms? >> it's going to go down very well. but if they're trying to incident gragz closer iens in the eurozone, clearly, at the u has to change. the challenge will be working out how you do that and what the institution -- what they have at the moment are eu institutions for which are used for the eurozone. they may have to create new institutions for the eurozone and a different one for the eu. i don't know. >> sounds like a headache to me. there's a little over a month to when italians head to the polls. >> i'm not any expert about political polls. i think what is important is that the works that we have doing
>> to exit the eu? i think the base case is they would like to stay in it, but have a lot more control. i think that's clearly going to be the aim for the government and that's where boris johnson sits and i think that probably ties in with not the majority of you, but the larger view, the base view of most people. >> about how does it go down in brussels, they would like to renegotiate on their terms? >> it's going to go down very well. but if they're trying to incident gragz...
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Jan 11, 2013
01/13
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the eu muniea explains his investigation into the search engine. he's convinced google is profiting by diverting internet traffic for certain businesses. >>> american skres announced better-than-expected earnings for the fourth quarter. it saw revenues of $8.4 had billion. it will make big restructuring changes which includes 5,400 job cuts throughout the quarter. shares dipped in extended hours of trading the. >>> and the fate of superman remains firmly with warner brothers and dc comics after a decision from a california court. the court of appeals said that the rights for the man of appeals should not stay with the cocreators. the decision means that warner can release this summer's new superman reboot without fear of legal challenges. so we're watching today. who is your favorite hee roar? superman, ironman, super mario draghi? whoever you like, e-mail us, tweet us. my produces asked me who i thought my favorite super hero was. it took my a while to think about it, but then i thought hong kong fooey. there you go. many happy memories. talking a
the eu muniea explains his investigation into the search engine. he's convinced google is profiting by diverting internet traffic for certain businesses. >>> american skres announced better-than-expected earnings for the fourth quarter. it saw revenues of $8.4 had billion. it will make big restructuring changes which includes 5,400 job cuts throughout the quarter. shares dipped in extended hours of trading the. >>> and the fate of superman remains firmly with warner brothers...
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Jan 29, 2013
01/13
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we've had a big eu change on the agenda. >> yeah. >> we don't know how that's going to come out in the wash, do we? >> that changes things around. but in the short-term, it does mean that the markets are a little more volatile and it has been a sizable change. >> it's just unfortunate to some degree that these natural disasters which affect many people and are stressful events to live through then cause insurance premium toes rise, which sounds like that's what's happening in part of the u.s. >> it varies, but long-term insurers will look to make profit over a period of time. when they do happen, they have to look at have they been in line with all their expectations? >> and what's happening with capacity? it's dictated by capacity levels. >> yeah. pnc, capital comes in and out frequently been we are seeing money coming into the insurance sector. as capacity comes in, rates will go down. >> i want to talk about life, but first to cap off what happened with superstorm sandy, it took a while to get a sense of how costly that event was. what's emerging? >> i think most of the q4 earnings,
we've had a big eu change on the agenda. >> yeah. >> we don't know how that's going to come out in the wash, do we? >> that changes things around. but in the short-term, it does mean that the markets are a little more volatile and it has been a sizable change. >> it's just unfortunate to some degree that these natural disasters which affect many people and are stressful events to live through then cause insurance premium toes rise, which sounds like that's what's...
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Jan 22, 2013
01/13
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they then find a solution presented to brussels and basically present the rest of the eurozone or the eu with a -- do you think this criticism is justified? >> certainly this is a point of criticism that's made outside of germany and france but that's made inside germany and france. some politicians frmt call for widening of the partnerships such as poll left-hand looking towards the east or spain or italy. even more so in the french population. there's a call of widening this partnership. as i've said, france and germany often do have contradictory policy positions. so other countries can really find themselves within these positions, i think. so at the end of the day, it's not so much i think a question of content, but rather a question of style. so what germany and france need to make sure is that they do show leadership, as i've said, to their political and economic weight, but they do find the balance between leadership and dominance because surely dominance is not what either of the two countries or any country in europe would want. >> lead but don't -- >> back to you. >> thank you
they then find a solution presented to brussels and basically present the rest of the eurozone or the eu with a -- do you think this criticism is justified? >> certainly this is a point of criticism that's made outside of germany and france but that's made inside germany and france. some politicians frmt call for widening of the partnerships such as poll left-hand looking towards the east or spain or italy. even more so in the french population. there's a call of widening this...
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Jan 8, 2013
01/13
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slower growth in the economy, the eu debt crisis and superstorm sandy are expected to top issues. take a look at shares this morning. before the report, they're down .75% in frankfurt. so trailing the 34k9. they have been roughly flat over the last few months. james is a huge fan of werings season. you're so excited about this one, i know. >> i live for the wering hes season. you could spend almost your entire time -- >> there's only about three months of the year when you're not engaged in looking at earnings. >> ask you're probably on holiday. >> and are we too focused on werings season? >> samsung, earnings results up, share price down. if you think earnings is relative for share price performance, it isn't. we're talking about the reporting season rather than the underlying earnings. >> they have quite a lot of leeway. they've given guidance to the analysts about what those earnings might look like in the near term. all the analysts are pawing at the results. all in all, a huge amount of activity and brain power wasted on something which in the near term has been well flagged,
slower growth in the economy, the eu debt crisis and superstorm sandy are expected to top issues. take a look at shares this morning. before the report, they're down .75% in frankfurt. so trailing the 34k9. they have been roughly flat over the last few months. james is a huge fan of werings season. you're so excited about this one, i know. >> i live for the wering hes season. you could spend almost your entire time -- >> there's only about three months of the year when you're not...
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Jan 3, 2013
01/13
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ftc would have been wriez to wait two weeks and see what eu was going to do about this issue because we might see more teeth coming overseas. >> okay. we have to leave it there. thank you very much to steve, of the american consumer institute. i should add that google schmidt is currently making a trip to north korea. some people say maybe it a sign that north korea might want to see more of the outside world. the government is saying, not helpful to making a trip there right now. >> with googling or whatever they do pyongyang. >> coming up next, making money in the forest. >> get this, should texas, the nation of texas, join opec? it is a real story. they are talking about [ male announce it, next. which isn't rocket science. it's just common sense. from td ameritrade. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do this without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. fall in love with progressive's claims service. [ lisa ] my name's lisa, an
ftc would have been wriez to wait two weeks and see what eu was going to do about this issue because we might see more teeth coming overseas. >> okay. we have to leave it there. thank you very much to steve, of the american consumer institute. i should add that google schmidt is currently making a trip to north korea. some people say maybe it a sign that north korea might want to see more of the outside world. the government is saying, not helpful to making a trip there right now....
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Jan 10, 2013
01/13
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delivers the message to britain saying you're special, but only special if you stay at the heart of the eu. they're under pressure to renegotiation the relationship with brussels. but the u.s. assistant secretary said such a plan would have major consequences. as chairman of the business in europe outlined on cnbc last night. >> we don't want to run the risk of trying to set the bar too high in the sense that there's some fantastic renegotiation we can have where we can cherry pick the bits we like, get rid of the bits we don't, because the chances of that happening are probably close to zero. so we don't want to see any risk in our membership. we want more reform by absolutely we do. we made that very clear in the letter. but we don't want to risk or membership because our membership is responsible for millions of jobs and underpins our future prosperity. >> so that debate is going to em. at the same time, david, you think the pound is going to come under pressure. it's a triple cocktail that's going to undermine it. what is that? >> yeah. that's the idea we had, we were talking last year
delivers the message to britain saying you're special, but only special if you stay at the heart of the eu. they're under pressure to renegotiation the relationship with brussels. but the u.s. assistant secretary said such a plan would have major consequences. as chairman of the business in europe outlined on cnbc last night. >> we don't want to run the risk of trying to set the bar too high in the sense that there's some fantastic renegotiation we can have where we can cherry pick the...
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Jan 2, 2013
01/13
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plus, last month the eu agreed to a common european banking regulator which was a very big deal. there was overshadowed by our - u.s. if a turn is coming, at least a bottom, you need to get in before that happens. think the bottom is for rear, i think the 2012 bottom stands, if you wait until everybody thinks it's obvious you'll be out, you'll be too late. remember, the european markets kept rallying last year despite all the worries about the continent's weakness, german market, french market up 20%. uk market up 13.5%. how do you play europe? i prefer the van guard msci euro etf, symbol vgk. that's victor george ken for all of you home gamers. i like it so much i own it for my charitable trust. you can follow it. a lot of reasoning why stephanie link and i co-director believe in this. it pays you a solid 3.7% yield while you're waiting. next up, yeah, there's -- china. not done. chinese economy has been in the process of bottoming for a while now. i think the genuine turn could be at hand. we know the chinese central bank has been providing capital injections to banks. last yea
plus, last month the eu agreed to a common european banking regulator which was a very big deal. there was overshadowed by our - u.s. if a turn is coming, at least a bottom, you need to get in before that happens. think the bottom is for rear, i think the 2012 bottom stands, if you wait until everybody thinks it's obvious you'll be out, you'll be too late. remember, the european markets kept rallying last year despite all the worries about the continent's weakness, german market, french market...
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Jan 10, 2013
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even though the china dat ya yafs -- data was good, the eu posted information that was credible. we're going to hit resistance around 94.50 in that area. i'm going to sell it the first time out. >> don't you see $100 by summer? >> absolutely. by the second quarter. there's a lot of head winds in the first quarter, debt ceiling, fiscal cliff, things like that. >> you mentioned the saudi arabians and there was news about oil output. what are they aiming here? >> i believe they're aiming for $100 a barrel, too. and i do think they'll get it before the summer is out as well. we have to leave it there, guys. this is how these guys are making money. is crude's next stop $100? is it $80? you can vote in our poll. we'll reveal those results on our live show at 1:00 p.m. and you can't miss this one, marc faber and peter schiff will go no holds barred. it's guaranteed to be an instant classic. the fun starts today at 1 p.m. >> when "halftime" comes back, member of congre nokia ripping. and a major apple bull retreats just a bit. we speak to the analyst to just cut his price target again. t
even though the china dat ya yafs -- data was good, the eu posted information that was credible. we're going to hit resistance around 94.50 in that area. i'm going to sell it the first time out. >> don't you see $100 by summer? >> absolutely. by the second quarter. there's a lot of head winds in the first quarter, debt ceiling, fiscal cliff, things like that. >> you mentioned the saudi arabians and there was news about oil output. what are they aiming here? >> i believe...
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Jan 24, 2013
01/13
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so doing something about that by saying, let's get clear the shape of the eu we do want. what is the shape of that? that has to be about the single market, about a more competitive europe. and that is something that i think they can take back and say that's a good thing for britain. and so i think you have to move towards it because the uncertainty is there today and those businesses will reflect that, anyway. i don't think illustrate necessarily changes. >> have you seen any changes in terms of the economic landscape? >> yeah. i think what we're seeing is probably a softening in some of the major french and consumer markets. >> and germany is more positive than the french market, but it's slowed down a bit. by contrast, we've seen good gdp numbers. in fact, i think we've seen a six-month softening in the eurozone which i think is an important factor there that the british politicians need to reflect. the french market is very much the uncertainty around tax success government. i think that will wash through. >> if we now believe in that, that impacted that small percenta
so doing something about that by saying, let's get clear the shape of the eu we do want. what is the shape of that? that has to be about the single market, about a more competitive europe. and that is something that i think they can take back and say that's a good thing for britain. and so i think you have to move towards it because the uncertainty is there today and those businesses will reflect that, anyway. i don't think illustrate necessarily changes. >> have you seen any changes in...
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Jan 25, 2013
01/13
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. >> what are the implications of the uk leaving the eu? david cameron said he is going to have a referendum on this. >> you know, from an economic perspective, we expect europe to be a strong region and a strong player in the global economy. from an economic perspective, you don't want uncertainty. so our dear hope is that as usual the europeans will have discussions, will have debate, will argue, will face obstacles and hurdles and come out of it stronger and that's very much my personal hope with the uk. >> so glad you're checking on the program. thank you so much. great to see you. christine lagarde. >> stick around because maria has much more coming from davos including interviews with microsoft founder bill gates and pay pal cofounder peter thiel with incredible things to say about twitter. all of it not exactly positive. that is an interview you do not want to miss coming up here on "closing bell." >> absolutely. okay. we've got more than a half hour to go before the closing bell at this stage the dow moving up by about 0.3%, 48 poin
. >> what are the implications of the uk leaving the eu? david cameron said he is going to have a referendum on this. >> you know, from an economic perspective, we expect europe to be a strong region and a strong player in the global economy. from an economic perspective, you don't want uncertainty. so our dear hope is that as usual the europeans will have discussions, will have debate, will argue, will face obstacles and hurdles and come out of it stronger and that's very much my...
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Jan 23, 2013
01/13
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there's a different proposal for the eu and a different debate in the u.s. they are not on the same page. what concerns me is that we operating in all of these jurisdictions as ubs will have to comply with different models in different jurisdictions so there's just no way at the moment that i'm seeing any more that what we started off as regulators to do, and that is creating a global level playing field for large complex global bank, that that's going to emerge at the end of the regulatory transition because by now, even though we started with the standards that are common, we're ending up with national solutions for separating retail banks from investment banks, and they are going to look different all over the jurisdictions. >> where are we in terms of that recovery in 2013? what would be your expectation for the broad economy for the banking sector in terms of growth this year? >> i think by and large the global economy is going to, you know, come back to growth quite sizebly. i came back from china and after bottoming out at 7% is turning up. they are o
there's a different proposal for the eu and a different debate in the u.s. they are not on the same page. what concerns me is that we operating in all of these jurisdictions as ubs will have to comply with different models in different jurisdictions so there's just no way at the moment that i'm seeing any more that what we started off as regulators to do, and that is creating a global level playing field for large complex global bank, that that's going to emerge at the end of the regulatory...
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Jan 25, 2013
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what would be the implications if the eu has left? >> i think we are still quite far from that happening. of course, this announcement of a referendum years from now is creating uncertainty and is not necessarily helpful in terms of stabilizing the economy, neither in the uk or in the european union. >> do you think changes need to be made in terms of policies to encourage the uk to stay? >> in fact, many of the elements or the policy agenda of david cameron are something which are very important and the commission is working for the confidence of european industry, a rather comprehensive free trade agenda as well as the competition of the single market. this beneath for restoration of the european industry and of returning to sustainable growth and better employment. but there is no need to leave the european union for the policy -- >> this morning, as you well know, the foreign affairs and trade, as well, there's quite a lot of support around europe for david cameron's thought process of what he wants to achieve in the single market
what would be the implications if the eu has left? >> i think we are still quite far from that happening. of course, this announcement of a referendum years from now is creating uncertainty and is not necessarily helpful in terms of stabilizing the economy, neither in the uk or in the european union. >> do you think changes need to be made in terms of policies to encourage the uk to stay? >> in fact, many of the elements or the policy agenda of david cameron are something...
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Jan 9, 2013
01/13
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start with number 10, that eu structural problems we main unresolved. when i first heard that, i don't think they will be unresolved. you're right, the market has bid things it's looking like the world is better. >> last year, all the european markets were up and europe was in a semi-recession and all the european markets were up semi-20% and i have them down this year in reaction. >> what about the euro? >> euro is relative to the dollar. ecb expanding the money supply and fedex spanding money supply. it's a race to the bottom. i don't know who will win it but i don't think there will be much change to the euro. >> i don't think euro ever resolves this issue, does enough to put them off when under pressure. >> sounds familiar. >> that's the environment we're in. i do think the markets are signaling core europe and stock growing again this year, growing uf to keep the eurozone out of its recession. if that doesn't happen, markets will go down. >> the surprise component of that is the 10% decline in the various european indexes. that's what people aren't
start with number 10, that eu structural problems we main unresolved. when i first heard that, i don't think they will be unresolved. you're right, the market has bid things it's looking like the world is better. >> last year, all the european markets were up and europe was in a semi-recession and all the european markets were up semi-20% and i have them down this year in reaction. >> what about the euro? >> euro is relative to the dollar. ecb expanding the money supply and...
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Jan 23, 2013
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you go buy the 10 eu-year, rate finally move and lose your entire balance sheet. >> it's like cold weather. i was happy today with 10 degrees. i want this to be the coldest year, so the same -- the day after the speech it's all about climate change, i want it to be the coldest year in the last 50. >>> love these guys, csx. they gave guidance in december and in january and replied to us. >>> coming up, tennessee governor and member of the fix the debt campaign. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> one of the biggest points of contention in the ongoing government battle is entitlement reform. you see the stuff we talk about and see the demagoguing on both sides. the democrats saying repu
you go buy the 10 eu-year, rate finally move and lose your entire balance sheet. >> it's like cold weather. i was happy today with 10 degrees. i want this to be the coldest year, so the same -- the day after the speech it's all about climate change, i want it to be the coldest year in the last 50. >>> love these guys, csx. they gave guidance in december and in january and replied to us. >>> coming up, tennessee governor and member of the fix the debt campaign. [ male...
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Jan 18, 2013
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david cameron puts off his big eu policy pictures first. the fed putting out a statement saying there are less than 30 british nationals overnight in those events. in the meantime, a moratorium indicating that the terrorist groups are going to use these kidnappings as a way of furthering their activity and raising funds. they're warning algerians, in fact, to stay away from some of these sights and is we've had guests this morning telling us that they think the market is underappreciating that this is a game changer in activity not just in mali, but across west africa in general. lastly, the aussie/dollar is down, too. there is some risk coming out in this risk off despite stocks doing better. the dollar/yen had punched through 90. it's now below 89. that was above 1 is.25. it's moving back to some of its gains. so some major levels hit in forex today, guys. it's not just about 1500 on the s&p. although to be sure, people around the world will be watching that level, as well. back over to you. >> kelly, are you behind the jap foes because t
david cameron puts off his big eu policy pictures first. the fed putting out a statement saying there are less than 30 british nationals overnight in those events. in the meantime, a moratorium indicating that the terrorist groups are going to use these kidnappings as a way of furthering their activity and raising funds. they're warning algerians, in fact, to stay away from some of these sights and is we've had guests this morning telling us that they think the market is underappreciating that...
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Jan 31, 2013
01/13
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and you can see right now, the dollar is stronger against the eu euro. gold prices are down by about 6.30, $1675.30 an ounce. right now, let's get to the global markets report. ross westgate is standing by in london. good morning. we haven't seen you in quite a while. you have a lot of red behind you this morning. >> we have, indeed, becky. i saw andrew more recently than i've seen you over there in davos. yeah, look, we are down. you can see decleaners outpacing the decliners. we're down at the session low. down around .0. the spanish market down 1.5%. that's down to bank stocks. they're all off heavily because of santander. santander is europe's largest lender in the eurozone. stock off 2.3% today. there's 2012 net profit more than halved hurt by big losses in real estate, write-downs and property assets. also key growth spots as latin america down, as well. they're setting aside another 18 billion or 19 billion euros for provisions in 2012. they said they may still sell some more addette az. there's a lot of restructuring going on, as well. the market
and you can see right now, the dollar is stronger against the eu euro. gold prices are down by about 6.30, $1675.30 an ounce. right now, let's get to the global markets report. ross westgate is standing by in london. good morning. we haven't seen you in quite a while. you have a lot of red behind you this morning. >> we have, indeed, becky. i saw andrew more recently than i've seen you over there in davos. yeah, look, we are down. you can see decleaners outpacing the decliners. we're down...
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Jan 24, 2013
01/13
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/eu trade is the one trade agreement that the u.s. has not done. that the europeans desperately need to get done. >> right. so the uk being part of that yes or no i would venture to say our government is going to have a lot to stay about the uk staying part of the eu i think as has been indicated. >> did you catch any of the comments about tax avoidance, sort of global tax avoidance issue? >> no, i did not. i'll stay quiet on that one. >> the other big topic here, energy. >> yes. >> and in particular, the u.s. energy situation, shale, fracking, et cetera, you bullish, you bearish, where do you think we really are? i mean people have prognosticated for now awhile that we were going to get there but doesn't seem like we're there. >> andrew, i think it is the bull case for the world. so to answer your question, i'm billish. and i think it's a game changer. and i think it is probably the story of global economic recovery if handled right. and frankly, the beneficiaries of that will be the u.s. consumer. u.s. jobs. i mean just in the downstream value ad
/eu trade is the one trade agreement that the u.s. has not done. that the europeans desperately need to get done. >> right. so the uk being part of that yes or no i would venture to say our government is going to have a lot to stay about the uk staying part of the eu i think as has been indicated. >> did you catch any of the comments about tax avoidance, sort of global tax avoidance issue? >> no, i did not. i'll stay quiet on that one. >> the other big topic here,...
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Jan 4, 2013
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reports say the action was taken on concerns was not complied to comply with eu safeguards against money laundering. the vatican is now looking for a non-italian bank to help with card services. they did not comment on the bank of italy's concerns. i'm assuming that the vatican is notre dame supporters, as well. >>> meanwhile, the countdown is on the u.s. jobs report. plenty more to come on "worldwide exchange" right after this break. >>> so naturally the jobs report will demand the bulk of the spotlight for investors. there are some other xhb reports out this morning. the nonfarm payroll reports out at 8:30 eastern. then we go the ism services index released at 10:00 a.m. eastern, looking for an index of 55.4 down from november. also at 10:00, we get november factory orders. janet yellen speaks about systemic risks at the annual meeting of the economics association at 3:30 p.m. futures are atlanta at the moment indicating a flat start but, of course, the open after the report that implied open for the s&p for what it's worth up .2 points for the s&p 500, dow jones is down 7 and fass dak
reports say the action was taken on concerns was not complied to comply with eu safeguards against money laundering. the vatican is now looking for a non-italian bank to help with card services. they did not comment on the bank of italy's concerns. i'm assuming that the vatican is notre dame supporters, as well. >>> meanwhile, the countdown is on the u.s. jobs report. plenty more to come on "worldwide exchange" right after this break. >>> so naturally the jobs report...
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Jan 14, 2013
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now this morning saying eu commission, the european union body is basically saying no-go with the deal. it was sproefd to close towards the end of the last year. obviously, hasn't happened. today you can see the shares down 40%. this company is going to need a new ceo, a new strategic vision. and its biggest shareholder down about .3% on the news. fedex declined to comment this morning. now let's turn our attention briefly to this. it gives us a sense of this mentality of the crisis being over, that it's kind of gripped investors to keep hearing the bullish comments we have on people in the program. spain's ten-year still below 5% even though we're seeing prices down this morning and the yield for the ten-year in italy down 4.2. quick look at the euro/dollar which is benefiting here and has been doing pretty well of late. 1.3359. adding another .1%. just for joe, i'm going to skip talking about the yen today and that's in part because the nikkei is closed. back to you guys. >> i thought you were going to reference your -- is that a golden -- were you at the gold b globes? that looks li
now this morning saying eu commission, the european union body is basically saying no-go with the deal. it was sproefd to close towards the end of the last year. obviously, hasn't happened. today you can see the shares down 40%. this company is going to need a new ceo, a new strategic vision. and its biggest shareholder down about .3% on the news. fedex declined to comment this morning. now let's turn our attention briefly to this. it gives us a sense of this mentality of the crisis being over,...
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Jan 23, 2013
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news in europe, david cameron vowing a referendum on whether britain remains in the eu. in japan, longest losing streak in two months. china awaits data, that's out tonight. the road map in the u.s. starts off at the golden arches. u.s. same-store sales up 9% for mcdonald's, helped by the dollar menu and mcrib. >> ibm and google surging premarket. google gets its price target raised by six firms this morning on better than expected earnings. >> coach getting pummeled this morning, blaming its big earnings miss on weakness in north america during the holidays. it says it is transforming itself into a lifestyle brand. >> apple's results tonight after the bell. could this be the quarter that marks the bottom on the stock. will tim cook talk about the next omg product in the pipeline. >>> we'll start with mcdonald's. it earned 1.38 nds the fourth quarter, it exceeded estimates. ceo don thompson said for the near term, mcdonald's expects top and bottom line growth to remain under pressure with january global comp sales expected to be negative. jim, it's come a long way since
news in europe, david cameron vowing a referendum on whether britain remains in the eu. in japan, longest losing streak in two months. china awaits data, that's out tonight. the road map in the u.s. starts off at the golden arches. u.s. same-store sales up 9% for mcdonald's, helped by the dollar menu and mcrib. >> ibm and google surging premarket. google gets its price target raised by six firms this morning on better than expected earnings. >> coach getting pummeled this morning,...
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Jan 27, 2013
01/13
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and we're here listening to some of the leaders from the eu and the other sort of entities that are here trying to understand how they're dealing with their problems. and i think coming out of all of this will be a renewed sense that in america we can compete and we will compete and we will continue to be the destination for capital and innovation. >> we have a natural gas boom and we have an oil boom and we have, thanks to low interest rates, what appears to be some sort of a housing boom. so much more can happen and, in fact, it seems like the only body, the only institution that might stand in the way of 2013 being a great year is congress. >> well, listen, there is certainly not the outcome that anybody wants. and i'm hoping that after we've been through the election and last november. we've been through a fiscal cliff debate. we are working our way through a debt ceiling debate. i think in a responsible manner. with an eye towards trying to fix some problems. >> when you look at the options out there. president obama budget proposal and paul ryan's offer, they both don't do what guy
and we're here listening to some of the leaders from the eu and the other sort of entities that are here trying to understand how they're dealing with their problems. and i think coming out of all of this will be a renewed sense that in america we can compete and we will compete and we will continue to be the destination for capital and innovation. >> we have a natural gas boom and we have an oil boom and we have, thanks to low interest rates, what appears to be some sort of a housing...
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Jan 6, 2013
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meant that greece stays in the eurozone and that, in fact, as halting and clumsy and awkward as the eu politics are, they're on their way to unified banking regulation in the eurozone. their crisis fund has stabilized. it's not going to be pretty and it's going to take a couple of years still, but we are on our way to a stronger and more unified eu, with or without britain over time. >> what do you think? >> a little bit too positive to me. i would say europe is probably not coming apart. different said statement than europe is coming together. i think the reason it probably won't come apart is greece, not france. sooner or later, that is the real test. the president of france is taking france in directions that are truly unsustainable economically. but for germany, it's one thing if greece were to leave, but for france, it can't leave. if you're germany, that's the whole core, the whole concept, the dynamic of post-world war ii european integration. germany will go to great lengths, i think really whatever lengths it takes to keep france in. europe will survive but economic growth is
meant that greece stays in the eurozone and that, in fact, as halting and clumsy and awkward as the eu politics are, they're on their way to unified banking regulation in the eurozone. their crisis fund has stabilized. it's not going to be pretty and it's going to take a couple of years still, but we are on our way to a stronger and more unified eu, with or without britain over time. >> what do you think? >> a little bit too positive to me. i would say europe is probably not coming...
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Jan 6, 2013
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halting and clumsy and awkward as the eu politics are, they're on the way to banking regulation in the euro zone. it's not going to be pretty and it's going to take a couple years still, but we are on our way to a stronger and more unified eu with or without britain over time. >> what do you think? >> too positive to me. europe is probably not coming apart. different said statement than europe is coming together. the reason it probably won't come together is not greece, it's france. sooner or later, that is the real test. the president of france is taking france in directions that are truly unsustainable economically. france can't leave if you're germany because that's the whole core, the whole dynamic. the relationship. germany will go to great lengths, really, whatever lengths it takes to keep france in. europe will survive but economic growth is not going to take off, still extremely weak because it doesn't have in place any of the prerequisites. >> the head of morgan stanley had a piece where he said that europe is actually going to bounce back in 2013 because they have paid the pr
halting and clumsy and awkward as the eu politics are, they're on the way to banking regulation in the euro zone. it's not going to be pretty and it's going to take a couple years still, but we are on our way to a stronger and more unified eu with or without britain over time. >> what do you think? >> too positive to me. europe is probably not coming apart. different said statement than europe is coming together. the reason it probably won't come together is not greece, it's france....
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Jan 13, 2013
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the european process is defined by the eu level, and we have been under investigation for almost two years by the commissioner there and his staff. we have given over literally millions of documents. we do not think we violated any european laws, but you know, we are happy to be part of the conversation. we are waiting on what they decide to do. we are negotiating. they announced that publicly. and the united states, the law is similar, but different. in our case, the government decided to have the anti-trade commission to look at this. again, i do not see the consumer harm under section ii, and we'll ask the government to come back and give us examples of violations of the law. we have not seen that. we are also in negotiations with them. and that is probably all we should say. we are hopeful -- the ideal scenario would be that we come to a mutual agreement with both. >> thinking about that, and you mentioned these other initiatives york involved in. is there -- how do you decide where to focus, what to focus on when you look at planning for 2013? you have such a huge range of thing
the european process is defined by the eu level, and we have been under investigation for almost two years by the commissioner there and his staff. we have given over literally millions of documents. we do not think we violated any european laws, but you know, we are happy to be part of the conversation. we are waiting on what they decide to do. we are negotiating. they announced that publicly. and the united states, the law is similar, but different. in our case, the government decided to have...
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Jan 6, 2013
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we are not going beyond those things. >> what about other eu countries? the prime minister said as far he was aware, no country was supplying weaponry with the european union bart -- embargo. do other countries have the same strict view of what is to be supplied as far as the embargo? >> i believe so. >> does the government have to report somewhere -- do we inform our italian partners what we are doing and they inform us of what they are doing? >> if you -- if they were to breach the embargo, that would be an illegal act. i have no indication from any -- >> there is suspicion that france has been supplying equipment. is that true? >> i have no evidence on that. >> the march 1 deadline, if it was decided because the situation in syria is moving rapidly and it could come to a tipping point over the christmas recess, how would that be changed, the three month deadline? can it be taken by other means? >> to amended before the first of march, that can be done, technically. it could be done technically at any council of ministers of the european union. it would
we are not going beyond those things. >> what about other eu countries? the prime minister said as far he was aware, no country was supplying weaponry with the european union bart -- embargo. do other countries have the same strict view of what is to be supplied as far as the embargo? >> i believe so. >> does the government have to report somewhere -- do we inform our italian partners what we are doing and they inform us of what they are doing? >> if you -- if they were...
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Jan 14, 2013
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that this house gave the green light to stem cell research some years ago, but we now find that the eu court of justice is hindering progress by bringing into question the validity of the patents protecting research. on behalf of the millions of people in this country who suffer from long-term medical conditions, will the prime minister do what he can to clear this blockage? >> my honorable friend makes an extremely serious point. i will look closely at it, because i think this country has a competitive advantage from our having taken difficult decisions about stem cell research. it is important that we continue to lead in that area -- not only, as my honorable friend says, for economic and scientific reasons, but because we want to make sure that for people with long-term and debilitating conditions, for children with disabilities and other concerns, we crack those problems for the future. without that level of research, i do not believe that we shall. i will look very carefully at what my honorable friend has said and i will write to him with an answer. >> is the prime minister proud
that this house gave the green light to stem cell research some years ago, but we now find that the eu court of justice is hindering progress by bringing into question the validity of the patents protecting research. on behalf of the millions of people in this country who suffer from long-term medical conditions, will the prime minister do what he can to clear this blockage? >> my honorable friend makes an extremely serious point. i will look closely at it, because i think this country...
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Jan 5, 2013
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>> there should be more openness in eu affairs. and this process is being conducted by the external service. it is for them to decide who to consult. they have had a meeting with civil society in brussels on the fourth of december, including the review of the common position. i do not have a list of who attended but there was an opportunity for ngo's to attend. that is a beginning. >> it sems the uk's own consolidated criteria are weakening in some aspects and the european union's competition. do you agree and if so, do you have any proposals to introduce legislation to make them in line with the european union position? >> as far as i can see, our export accord fully with the position. there are -- the wording differs in some minor suspects. >> we were not told was minor. we were told issues of national security assessment and the fed's interest were considerably weaker. >> i will like to see any substantial this argument on that. that would not be our view on the moment. so let's have the details of that. do you want to comment f
>> there should be more openness in eu affairs. and this process is being conducted by the external service. it is for them to decide who to consult. they have had a meeting with civil society in brussels on the fourth of december, including the review of the common position. i do not have a list of who attended but there was an opportunity for ngo's to attend. that is a beginning. >> it sems the uk's own consolidated criteria are weakening in some aspects and the european union's...
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Jan 31, 2013
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>> do you believe the sum total of all of your votes refusing to sign a letter to the eu, asking has a lot to be designated as a terrorist organization, being one of 22 to vote to designate the iranian revolutionary guard as a terrorist organization, being one of two to vote against sanctions this body was trying to impose on iran, the statements you have made about palestinians and the jewish lobby -- all of that together, that the image you have created is one of sending the worst possible signal to our enemies and friends at one of the most critical times in world history? >> no, i would not agree with that because i have taken actions and made statements very clear as to what i believe hezbollah and hamas are as terrorist organizations. >> if there was a vote on the floor of the senate this afternoon to label the iranian national -- revolutionary guard, the people that killed soldiers in iraq, some of the most vicious people to the people of iran themselves, if there was a vote would you still vote no? >> i would want to know from the president what they were doing. ask i mean yo
>> do you believe the sum total of all of your votes refusing to sign a letter to the eu, asking has a lot to be designated as a terrorist organization, being one of 22 to vote to designate the iranian revolutionary guard as a terrorist organization, being one of two to vote against sanctions this body was trying to impose on iran, the statements you have made about palestinians and the jewish lobby -- all of that together, that the image you have created is one of sending the worst...
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Jan 25, 2013
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-eu partnership. i do not know if that can become reality. we need to think about not creating a threat where there is not one. understand carefully where we can find the basis of better cooperation. i want someone saying, kerry has a mistaken notion of what china is doing. i am not saying you do not have to be careful and understand where it is going. i am not talking about retreating from our current levels. i am trying to think about how we do this in a way that does not create the reaction you do not want to create. >> senator mccain. >> your 29 years of service is a great example for those of us newcomers. i thank you for that. in the opening round of russian --assurance, we raised issues about the western hemisphere. i worry that our firm -- our foreign policy has been very oriented east-west. the north-south access is important. i worry about the chinese being all over the americas. in a time -- we could see our influenzae road. i hope that the state department has that north-south access as they keep focus. your opening comments demon
-eu partnership. i do not know if that can become reality. we need to think about not creating a threat where there is not one. understand carefully where we can find the basis of better cooperation. i want someone saying, kerry has a mistaken notion of what china is doing. i am not saying you do not have to be careful and understand where it is going. i am not talking about retreating from our current levels. i am trying to think about how we do this in a way that does not create the reaction...
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Jan 26, 2013
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perhaps there has been some talk of a u.s.- eu trade relationship. i do not know if that can become a reality or not. but i think we need to think thoughtfully about not creating a threat where there is not one and understanding very carefully where we can find the basis of better cooperation. i want to emphasize -- because i don't want somebody out there saying that kerry has a mistaken notion of what china is up to or what they're doing. i am not saying you don't have to be pretty careful and vigilant and understand where it is going. and i am not talking about retreating from their current -- from our current levels whatsoever. i am simply trying to think about how we do this in a way that does not create the reaction you don't want to create. >> thank you. senator mccain. >> senator kerry, your 29 years of service on this committee is a great example for those of us newcomers and i think you for -- i thank you for that and i look forward to working with u.s. secretary. -- with you as secretary. a comment and to questions. in the shares opening ro
perhaps there has been some talk of a u.s.- eu trade relationship. i do not know if that can become a reality or not. but i think we need to think thoughtfully about not creating a threat where there is not one and understanding very carefully where we can find the basis of better cooperation. i want to emphasize -- because i don't want somebody out there saying that kerry has a mistaken notion of what china is up to or what they're doing. i am not saying you don't have to be pretty careful and...
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Jan 21, 2013
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host: robyn is referring to lee university singers who hail from the eu -- lee university in tennessee. next is a call from john. john is a naperville, illinois. an independent there. caller: i really enjoyed the inaugural program. in particular, president obama saying we need not choose between those who brought us where we are today and those who stand for where we will be in the future. then i have a question. what is the history behind the flags displayed in front of the white house? host: the white house or the capital? caller: the capital. host: there is information about the flags, which i can get for you, but not immediately. let's listen to a call from iran in georgia. you are on. republican. welcome. caller: i watched the first inauguration and thought it was wonderful. host: today the ceremonies? 2008? caller: the first inauguration he had. my main comments i wanted to make is being a republican, i am almost ashamed to say that. i did vote democratic, and i voted for president obama. the reason i did vote for him is because we need change and things to go on and start gettin
host: robyn is referring to lee university singers who hail from the eu -- lee university in tennessee. next is a call from john. john is a naperville, illinois. an independent there. caller: i really enjoyed the inaugural program. in particular, president obama saying we need not choose between those who brought us where we are today and those who stand for where we will be in the future. then i have a question. what is the history behind the flags displayed in front of the white house? host:...
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Jan 25, 2013
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perhaps there has been some talk of a u.s.- eu trade relationship. i do not know if that can become a reality or not. but i think we need to think thoughtfully about not creating a threat where there is not one and understanding very carefully where we can find the basis of better cooperation. i want to emphasize -- because i don't want somebody out there saying that kerry has a mistaken notion of what china is up to or what they're doing. i am not saying you don't have to be pretty careful and vigilant and understand where it is going. and i am not talking about retreating from their current levels whatsoever. i am simply trying to think about how we do this in a way that does not create the reaction you don't want to create. >> thank you. senator mccain. >> senator kerry, your 29 years of service on this committee is a great example for those of us newcomers and i think you for that and i look forward to working with u.s. secretary. a comment and to questions. in the shares opening round of questions, he raised issues about our relations in the wes
perhaps there has been some talk of a u.s.- eu trade relationship. i do not know if that can become a reality or not. but i think we need to think thoughtfully about not creating a threat where there is not one and understanding very carefully where we can find the basis of better cooperation. i want to emphasize -- because i don't want somebody out there saying that kerry has a mistaken notion of what china is up to or what they're doing. i am not saying you don't have to be pretty careful and...
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Jan 27, 2013
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there have been sessions already with our eu partners on doing exactly that. one interesting aspect you raised is those have not necessarily included the private sector or the critical infrastructure sectors. expanding the aperture to do that would make sense. >> in our last few minutes, thank you offer very important questions. secretary naplitano, as the content your future -- as you think about your future and some of the unfinished business, what is your highest priority? >> i think when i look at where i will be spending my time, aside from the management integration type issues, i think the coming immigration debate is something that we will be deeply involved in. we have deep and wide experience in those issues. cyber, we have already mentioned. then the constantly evolving types of terrorists threats and hamdi can better educate ourselves -- and how we can better educate ourselves, trained law enforcement, ascertain from history and otherwise what are better ways to identify behavior's indicate -- in take up potential violence, those are the things tha
there have been sessions already with our eu partners on doing exactly that. one interesting aspect you raised is those have not necessarily included the private sector or the critical infrastructure sectors. expanding the aperture to do that would make sense. >> in our last few minutes, thank you offer very important questions. secretary naplitano, as the content your future -- as you think about your future and some of the unfinished business, what is your highest priority? >> i...
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Jan 24, 2013
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if we leave the eu, we cannot of course leave europe. they will remain for many years our biggest market, and forever our geographical neighborhood. we are tied by a complex web of legal -- a complex web of legal commitments. hundreds of thousands of british people now take for granted the right to work, live or retire in any other eu country. even if we pulled out completely, decisions made in the eu would continue to have a profound effect on our country. but we would have lost all our remaining vetoes and our voice in those decisions. we would need to weigh up very carefully the consequences of no longer being inside the eu and its single market, as a full member. continued access to the single market is vital as i said, absolutely vital for british people and for british jobs. since 2004 britain has been the destination for one in five of all inward investment into europe and being part of the single market has been absolutely key to that achievement. now, there will be plenty of time to test all the arguments thoroughly, in favor an
if we leave the eu, we cannot of course leave europe. they will remain for many years our biggest market, and forever our geographical neighborhood. we are tied by a complex web of legal -- a complex web of legal commitments. hundreds of thousands of british people now take for granted the right to work, live or retire in any other eu country. even if we pulled out completely, decisions made in the eu would continue to have a profound effect on our country. but we would have lost all our...
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Jan 4, 2013
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states to come up to march deadline of the current eu expirey. they wouldn't want to amend that in any way. for instance, it could be amended to apply to the regime and not to opposition forces in theory, or it could be amended in many other ways. to amend it that way requires the agreement of all of the e.u. member states. >> can i proview a little bit on this? i understand that we are already supplying equipment to elements within the syria opposition, and i'd be interested to know that could be limited, but not lethal. how strict is the embargo, and is it possible to get communications equipment that could be used in conjunction with weaponry supplied by turkey, qatar, some other countries to elements within the opposition? >> it's not military. it's certainly not lethal. the assistance so far include things like the deployment, you can work with the opposition on there, and future plans and how they are getting help to people, people's basic needs in opposition held areas, and framing citizens and journalists. we are providing, in terms of ac
states to come up to march deadline of the current eu expirey. they wouldn't want to amend that in any way. for instance, it could be amended to apply to the regime and not to opposition forces in theory, or it could be amended in many other ways. to amend it that way requires the agreement of all of the e.u. member states. >> can i proview a little bit on this? i understand that we are already supplying equipment to elements within the syria opposition, and i'd be interested to know that...
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Jan 13, 2013
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sanctions and then the eu, arms embargo in 2004, a flood of weaponry came into libya. most of it was over a billion dollars, which in absolute terms may not be that great but relative to what was there before and what the purpose is, what it was used for, created, i was an unfair playing field. you couldn't say that we were, your, this was not a usual issue a source we were concerned. that process, and i argue, as i argue in the book, was very much tied to the whole issue of ask not, putting accountability in place for, you know, what we would get, what gadhafi would not do as a result of the agreements that were signed with him. a lot of people, i think that weaponry, again, small arms, surveillance equipment, all of the sort of things you'd need to put down a popular revolt was put in the hands of the regime, essentially due to complicity and lack of attention by parties in the west. so that's one, one thing. as far as what president, civil war, you know, civil wars are, you know, that's a key question, and i don't -- the preponderance come in, the rebels themselves
sanctions and then the eu, arms embargo in 2004, a flood of weaponry came into libya. most of it was over a billion dollars, which in absolute terms may not be that great but relative to what was there before and what the purpose is, what it was used for, created, i was an unfair playing field. you couldn't say that we were, your, this was not a usual issue a source we were concerned. that process, and i argue, as i argue in the book, was very much tied to the whole issue of ask not, putting...
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Jan 16, 2013
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if any two entities can resolve those issues, it is the eu and the united states. essentially, what the eu has been doing, in my judgment, to use regulatory provisions. i don't like the word protect exactly because it's overused, but to essentially safeguard the market from our competition. so we should be able to do that than to structure should be able to meet those tests. that i think is very doable. the french have to be willing to let us enter into their market. and we have had the same problem with russia, and i think that we have basically taken the step to resolve it. do it with russia, we can do it with the eu. >> you talk about the republican party changing. when the democrats were the majority, they had blue dog democrats from south carolina and mississippi and louisiana and north carolina and virginia. they are gone. the democrats have changed. the democrats are far more uniformly liberal is a party than they were when you were the majority party, certainly when it came to the house. even most recently. is it all one side that changes? >> no, i looked o
if any two entities can resolve those issues, it is the eu and the united states. essentially, what the eu has been doing, in my judgment, to use regulatory provisions. i don't like the word protect exactly because it's overused, but to essentially safeguard the market from our competition. so we should be able to do that than to structure should be able to meet those tests. that i think is very doable. the french have to be willing to let us enter into their market. and we have had the same...
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Jan 9, 2013
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but certainly the eu, other organizations, the united states, really has very important political role, economic role. i think afghanistan -- i think nader can also help support the iran army to do a better job with its resources. so we are in favor of that, this kind of role. there was one mentioned about india and transatlantic trade comments it appeared that also comes -- there are so may things that can be done if only the conflicts situation gets resolved, and also in the border area with pakistan. >> ambassador jawad, nato's will? >> yes, particularly i think your question was on nato's role through northern afghanistan. i think this is a key important way of connecting afghanistan. that's very important for us to use also, dependency on other transit routes which are becoming more and more difficult in iran and pakistan, particularly. definitely nato countries, i will put, nato countries want a more important role to play the nato organization. because there's a lot of sensitivity about nato activity as an organization. and central asia, russians and others are suspicious about
but certainly the eu, other organizations, the united states, really has very important political role, economic role. i think afghanistan -- i think nader can also help support the iran army to do a better job with its resources. so we are in favor of that, this kind of role. there was one mentioned about india and transatlantic trade comments it appeared that also comes -- there are so may things that can be done if only the conflicts situation gets resolved, and also in the border area with...
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Jan 16, 2013
01/13
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it the volcker rule and its proposal, set forth by the uk independent commission on banking and the eu's group. sir john vickers, chairman of the independent commission, has argued criticized the coalition government and the backing away from his original proposal. while the european commission's recent report summarizes the responses received and it acknowledges the widespread opposition of a proposal in a determinedly understated action. it argues that a compelling case for mandatory separation of trading activities hasn't been made. they felt that the proposal is not backed by the required evidence and that there was a need for thorough impact assessment. with all due respect my to my friends in the european financial regulatory community, what a regulatory proposal is used within the eu, considered too harsh on the financial industry and harmful to markets, it's a clear sign that it's time to take a step back and reevaluate. regardless of what happens respect to the proposals, even if all of the most vitriolic allegations set forth are true, even if our financial giants act solely an
it the volcker rule and its proposal, set forth by the uk independent commission on banking and the eu's group. sir john vickers, chairman of the independent commission, has argued criticized the coalition government and the backing away from his original proposal. while the european commission's recent report summarizes the responses received and it acknowledges the widespread opposition of a proposal in a determinedly understated action. it argues that a compelling case for mandatory...
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Jan 7, 2013
01/13
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talking a lot more about enlarging the stability in europe itself by enlarging our institution, the eu or nato. what's happened to that agenda? is a no longer a part of the democratic countries? and if the answer is was so care about -- are whether georgia can become more stable, how do we get smarter about it? it isn't obvious our institutions hold the same if you used to hold five or six years ago. it isn't obvious that comes like ukraine had to stay democratizing instinct, the country of central europe had 10 years ago. so what, if anything, would you do different to make sure part of your democratic in state? >> i'd like to say quickly, i think some countries have taken a bit of an appetite suppressant when he came to their ambitions of being part of the european union, for example. >> but they are democratic. >> but they are democratic. but there also has to be benefit that flows. i think that is very much a part of the typos as to whether people are going to pursue being part of a larger union, being part of an obsession like nato. there has to be some apparent benefit in so doin
talking a lot more about enlarging the stability in europe itself by enlarging our institution, the eu or nato. what's happened to that agenda? is a no longer a part of the democratic countries? and if the answer is was so care about -- are whether georgia can become more stable, how do we get smarter about it? it isn't obvious our institutions hold the same if you used to hold five or six years ago. it isn't obvious that comes like ukraine had to stay democratizing instinct, the country of...
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Jan 14, 2013
01/13
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the european process is a finding sort of at the eu level, and we've been under investigation for almost two years by the commissioner they are and his staff. and during this period, they get comments from everybody and we give them literally millions of documents. we have not come and we're busy negotiating with them. we don't think we violated any european laws, but we're happy to have a conversation and we're sort of now waiting on what they decide to do. we have been negotiating back and forth, and they announced that publicly. in the united states, the law is similar but different in the way it is applied to in our case the government decided to have the federal trade commission look at this and similar investigations are underway. there's a similar hearing. i testified at the hearings but again, i don't see the consumer arm under section two, and we've asked the government to come back and give us examples of things which are violation of law. we haven't seen that yet. we are also in negotiations with them. so i'll would say we talk to people a lot, sort of waiting on them at some
the european process is a finding sort of at the eu level, and we've been under investigation for almost two years by the commissioner they are and his staff. and during this period, they get comments from everybody and we give them literally millions of documents. we have not come and we're busy negotiating with them. we don't think we violated any european laws, but we're happy to have a conversation and we're sort of now waiting on what they decide to do. we have been negotiating back and...